Net income $ 113,000 35,000 ... Payment of dividends Proceeds from the issuance of common stock Sales revenue Increase in current assets other than cash $ ? Cost of goods sold 5,900 Other operating expenses Purchase of equipment 24,000 with cash.. 227,000 Increase in current liabilities .... Payment of note payable 33,000 Proceeds from sale of land 9,000 Depreciation expense 43,000 11,000 33,000 25,000 5,000 Purchase of treasury stock Ernest Corporation accountants have assembled the following data for the year ended June 30, 2018: Click the icon to view the data) Prepare Emest Corporation's statement of cash flows for the year ended June 30, 2018. The company uses the indirect method for operating activities Begin by completing the cash flows from operating activities. Then complete the remaining sections of the cash flow statement. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Ernest Corporation Statement of Cash Flows (Indirect Method) Year Ended June 30, 2018 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities Net cash provided by (used for) operating activities